Far West

The Internal Revenue Service has closed an audit without changing the tax-exempt status of $65 million of general obligation limited tax water and sewer bonds that were issued by Washoe County, Nev. in December 2005.

Retail investors gobbled up nearly two-thirds of California's $1.55 billion general obligation bond sale.

The district of Columbia's quarterly capital expenditures report showed that the district spent $689.3 million on capital projects in fiscal 2012, and debt financing was down about $62 million from the same point is fiscal 2011.

The National Association of Bond Lawyers is hoping to quash what they call misconceptions that tax-exemption predominantly benefits upper-income taxpayers, as outlined in an eight-page white paper the group released Monday.

Airports will suffer from American Airlines impending layoffs of more than 4,000 employees, Moody's Investors Service said Monday.

Devastated by the recession, recovering Riverside County, Calif. to issue $145 million in Teeter notes.

The recent controversy over the way some California school districts use capital appreciation bonds may reflect the law of unintended consequences.

Atwater, Calif., a city of more than 28,000 in Merced County in California's Central Valley, is considering declaring a fiscal emergency that would allow it to file for bankruptcy

Los Angeles City Council plans on Tuesday to discuss a pension reform plan that impacts future employees and could save up to $70 million.